Weekend Wall Street #3 (Five Stock Picks for 8/15-8/19)

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Lots of great setups in the market this week! Especially with not much from the fed or job numbers, etc. I’m expecting a lot more smooth sailing in our smaller cap names.

First I want to take a look at the SPY 0.00%↑ S&P 500 chart here. We just closed over resistance here but I’m not convinced here that we will trade to 445 so easily. This is because the RSI is overbought here and every time this happens we usually chop around this zone and then correct. If we get a slight correction I expect a lot of bears to get trapped again and more upside into midterms with the macro front looking a lot better as inflation peaks.

Now let’s take a look at some of my stock picks for tomorrow and why I like these setups for this week: